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About Reverse Mortgages

Credit Review for a Reverse Mortgage

While credit history is an important qualifying factor for reverse mortgage borrowers, it is not something that will likely make or break the borrower’s opportunity…

Finance, About Reverse Mortgages1st July, 2020

Reverse Mortgage Counseling

To protect borrowers, reverse mortgage counseling is often required. Counseling is an important step in the reverse mortgage process as it allows the applicant to…

About Reverse Mortgages23rd June, 2020

Making Payments on a Reverse Mortgage

Unlike most traditional mortgage loans, HECM reverse mortgage borrowers are not required to make monthly mortgage payments. Instead, payment is due in full either upon…

About Reverse Mortgages18th June, 2020

Reverse Mortgage on Condominiums: Requirements Explained

For years condominium owners have been denied from reverse mortgages due to strict Federal Housing Administration (FHA) guidelines. Fortunately, as of October 15, 2019, newly…

About Reverse Mortgages, Finance16th June, 2020

Reverse Mortgage Example

Oftentimes, questions arise from borrowers, family members and basically every other person who isn’t vested in reverse mortgages and does not exactly understand how it…

About Reverse Mortgages16th June, 2020

What Happens After Death with a Reverse Mortgage?

Common Misconceptions Reverse mortgages are intended to enhance the lives of homeowners 62 years and over by enabling them to continue residing in their homes…

About Reverse Mortgages11th June, 2020

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